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Money-Saving Tips When Buying An Engagement Ring
How much should you spend when buying an engagement ring? With inflation, interest rates and the cost of living on the rise we are all looking for ways to shop smartly and get the most bang for our buck. Buying your dream engagement ring within your budget is possible when you know exactly what to look for. Let’s uncover 5 ways to save money when buying an engagement ring without compromising quality or style.
1) Set a budget and save for your engagement ring
If you’re asking yourself: How much should I spend on an engagement ring? – it’s important to remember that a more expensive ring will not equal a happier marriage. While there have been many rules (myths) in the past, like spending 3 months’ salary on an engagement ring, the truth is there is no right or wrong answer and you should only spend what you feel comfortable with. Sticking to a comfortable budget will prevent your marriage from starting in debt or under financial stress. Lab Grown Diamonds and Moissanite are affordable options and will save you thousands of dollars.
2) Never sacrifice on Cut for your engagement ring
The most important C in the 4 C’s is Cut. When a jewel has a superior cut, the sparkle, brilliance and fire are scintillating. Meanwhile, when a jewel is poorly cut, it’s dull and lifeless – even if the colour and clarity grades are high. Always make sure the jewel you choose has a high-grade cut and you’ll be forever enchanted with its beauty. All jewels at Moi Moi are selected for their superior cut, so you know you’ll always get the best when buying a Moi Moi engagement ring.
3) Consider a different jewel for your engagement ring
Today there are many different alternative gemstones to consider for an engagement ring. Diamond engagement rings were made popular in the 1900s by DeBeers. However, many women are now seeking lab-grown jewels that offer enormous value such as Lab Grown Diamonds and Moissanite from Moi Moi, which have a full trace history and a guaranteed source of origin. This gives women full confidence that their significant and special jewel is a socially responsible choice. You can save up to 70% for Lab Grown Diamonds, which are identical to mined diamonds and up to 90% for Moissanite, both of which are ethical, more eco-friendly and will last forever.
4) Buy less than a carat to save money for your ring
Carat is one of the most important factors when determining the price of a diamond. The most popular carat sizes are round numbers like 1 carat, 1.50ct or 2ct. Carat is simply the weight of the jewel – not the visual size. One of the easiest ways to save money when buying diamonds is to buy just shy of a carat – for example, 1.95 cts instead of 2 cts. Visually, they will look the same, except you avoid paying into the higher bracket, and you won’t need to downgrade the quality of a jewel to save money when buying an engagement ring.
5) Customise and save money
Working with a jeweller to custom design a ring can allow you to stay within budget and achieve your desired look. Creating a treasured engagement ring that is unique and individual will give special significance to your modern heirloom. Moi Moi makes the customising process surprisingly simple, affordable and fun.
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